Megawide secures P13 billion new 4PH contracts in September
Engineering and infrastructure company Megawide Construction Corp. has beefed up its housing portfolio under the government’s expanded Pambansang Pabahay Para sa Pilipino (4PH) program with P12.8 billion in new contracts secured in September.
Engineering and infrastructure firm Megawide Construction Corp. has bolstered its housing portfolio under the Philippine government's 4PH program, securing P12.8 billion in fresh contracts in September. Two key developments, the P6.9-billion Nocal Residences in North Caloocan and the P5.9-billion Sumi Residences in Imus, Cavite, were among the contracts awarded.
The Nocal Residences will house 3,800 units, while the Sumi Residences will comprise 4,500 units. Megawide anticipates construction on both projects to commence by year-end, with completion projected for December 2028. This influx of contracts will expand the company's 4PH housing unit portfolio to nearly 20,000, propelling the firm closer to its goal of P60 billion in year-end orders, up from P47.5 billion as of June end.
According to Megawide's chairman and CEO Edgar Saavedra, the company's long-term growth plan hinges on three pivotal milestones: securing contracts, topping-off stages, and ultimately turning over units to beneficiaries. The company recently achieved a notable topping-off milestone by completing the construction of Towers C and D of the five-story JAB Residences, less than seven months after the concrete pouring began in February 2026.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
